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LETS GET DOWN TO BUSINESS.

Question :
Has anyone approached their bank yet about the govt backed SME lending options

Question submitted 27/03/20 @ 06:58pm
Industry: COVID-19 Funding & Support
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    Hey Andrew – we have had discussions to see what the terms would be, and now know the process which seems ‘ok’ but not as easy as the wage subsidy. One of the businesses I work with banks with the ANZ and they are putting their package together for up to a $500k loan, and the bank have been super helpful – they are putting their application in this week. Ping me on ra.hamilton.nz@gmail.com and I can talk offline if you like – I am going to also get Harry F who used to run SME at BNZ to jump into this question.

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    Thank you, Andy,

    Good Morning Andrew,

    Given the business finance support schemes are still very new for all the banks – they are currently working out what their internal processes will be in terms of how this will be executed by their frontline business bankers.

    Each bank is at a different stage re-interpretation and execution.

    My team are currently helping some business owners navigate the banks – (given all the banks have their business bankers in lock-down), it helps if you have several direct lines of communication.

    Drop me an email on harry@vegalend.co.nz and I can connect you to one of the team that could make the process more streamlined for you.

    Regards

    Harry

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